Community association manager Comprehensive
Questions and Answers Latest upload 2024/2025 with
100% verified Solutions
A community association is Generally defined as real or personal property,owned by two or more
entities, which share the responsibility for the cost of maintenance and administration - ANSWER-True
Purchasers of a timeshare plan have a 10 day contract recision period in which to cancel the purchase -
ANSWER-True
Not for-profit corporations are exempt from federal income taxes - ANSWER-False
A condominium and a hospital may join together to create a self insurance pool for windstorm
insurance, if approved by the comptroller - ANSWER-False
All community associations have identical legal structures - ANSWER-False
The association must mail a notice for a regular board of directors meeting no less than 48 hours in
advance - ANSWER-False
If a timeshare property is a condominium, it must comply only with the condominium act - ANSWER-
False
The Florida fair housing act prohibits discrimination on the basis of handicap - ANSWER-True
Compliance with the construction lien law is very technical and can have an impact on title to property.
Therefore, the board should always consult with the manager regarding mean issues - ANSWER-False
A valid declaration of condominium must contain easements for ingress and egress to all units and the
common elements - ANSWER-True
, The cooperative is created when the article of incorporation are filed with the DBPR - ANSWER-False
A condominium cannot obtain windstorm only insurance from citizens if it has 50 or more units rented
for less than 30 days in an 8 month period - ANSWER-False
Civic groups are governed by the homeowners association act - ANSWER-False
When proposing amendments to the documents, a condominium should insert an underline in the new
words in the text - ANSWER-True
The declaration of condominium is also called the corporate charter - ANSWER-False
Florida statutes prohibit the Florida catastrophe fund from reimbursing associations or individuals for
losses caused by flooding - ANSWER-True
A timeshare divides residential property into specific time periods that provides members with exclusive
use rights - ANSWER-True
Any amendment that proposes to change the proportional percentage by which each condominium
member shares in the common expenses or owns the common surplus requires approval of all members
and all holders of Liens, unless otherwise provided in the documents as originally recorded - ANSWER-
True
Appraised value an actual value mean the same thing - ANSWER-False
The developer is exempt from any management responsibilities as long as he controls the board -
ANSWER-False
Purchasers of a condominium or cooperative resale unit have a three day period in which to cancel the
sales contract - ANSWER-True
Questions and Answers Latest upload 2024/2025 with
100% verified Solutions
A community association is Generally defined as real or personal property,owned by two or more
entities, which share the responsibility for the cost of maintenance and administration - ANSWER-True
Purchasers of a timeshare plan have a 10 day contract recision period in which to cancel the purchase -
ANSWER-True
Not for-profit corporations are exempt from federal income taxes - ANSWER-False
A condominium and a hospital may join together to create a self insurance pool for windstorm
insurance, if approved by the comptroller - ANSWER-False
All community associations have identical legal structures - ANSWER-False
The association must mail a notice for a regular board of directors meeting no less than 48 hours in
advance - ANSWER-False
If a timeshare property is a condominium, it must comply only with the condominium act - ANSWER-
False
The Florida fair housing act prohibits discrimination on the basis of handicap - ANSWER-True
Compliance with the construction lien law is very technical and can have an impact on title to property.
Therefore, the board should always consult with the manager regarding mean issues - ANSWER-False
A valid declaration of condominium must contain easements for ingress and egress to all units and the
common elements - ANSWER-True
, The cooperative is created when the article of incorporation are filed with the DBPR - ANSWER-False
A condominium cannot obtain windstorm only insurance from citizens if it has 50 or more units rented
for less than 30 days in an 8 month period - ANSWER-False
Civic groups are governed by the homeowners association act - ANSWER-False
When proposing amendments to the documents, a condominium should insert an underline in the new
words in the text - ANSWER-True
The declaration of condominium is also called the corporate charter - ANSWER-False
Florida statutes prohibit the Florida catastrophe fund from reimbursing associations or individuals for
losses caused by flooding - ANSWER-True
A timeshare divides residential property into specific time periods that provides members with exclusive
use rights - ANSWER-True
Any amendment that proposes to change the proportional percentage by which each condominium
member shares in the common expenses or owns the common surplus requires approval of all members
and all holders of Liens, unless otherwise provided in the documents as originally recorded - ANSWER-
True
Appraised value an actual value mean the same thing - ANSWER-False
The developer is exempt from any management responsibilities as long as he controls the board -
ANSWER-False
Purchasers of a condominium or cooperative resale unit have a three day period in which to cancel the
sales contract - ANSWER-True
